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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024. Prior service cost at January 1, 2024, from plan amendment at the beginning of 2022 (amortization: $5 million per year) Net-loss-pensions at January 1, 2024 (previous losses exceeded previous gains) Average remaining service life of the active enployee group Actuary's discount rate 537 million $55 million 10 years 8x (\$ in millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025: (\$ in millions) Required: - - Determine Lakeside's pension expense for 2024 -b. Prepare the appropriate journal entries to record the expense as well as the cash contribution to plan assets and payment of enefits to retirees. 2. Determine the new gains and/or losses in 2024 and prepare the appropriate journal entry(s) to record them. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field. Enter your an in millions (i,e., 10,000,000 should be entered as 10 ). 3. Prepare a pension spreadsheet to assist you in determining end of 2024 balances in the PBO, plan assets, prior service cost-AOCI, the net loss AOCl, and the pension liability. Note: Enter your answers in millions (i.e., 10,000,000 should be entered os 10). Enter credit amounts with a minus sign and debit omounts with a positive sign. 4-0. Determine Lakeside's pension expense for 2025 4-b. Prepare the appropriate journal entries to record the expense, the cash funding of plan assets, and payment of benefits to retirees. Complete this question by entering your answers in the tabs below. Determine Lakeside's pension expense for 2025. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). 5. Determine the new gains and/or losses in 2025 , and prepare the appropriate journal entry(s) to record them. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Journal entry worksheet 2 Record gain or loss on PBO. Note: Enter debits before credits. 6. Using T-accounts, determine the balances at December 31,2025 , in the net loss-AOCl and prior service cost-AOCI. Note: Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)

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